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MERRILL LYNCH RETIREMENT ASSET BUILDER PROGRAM, INC.
SUPPLEMENT DATED DECEMBER 21, 1994 TO PROSPECTUS DATED DECEMBER 21, 1994
FOR USE IN THE STATE OF WISCONSIN
Each Portfolio may invest in securities restricted as to resale without
registration under the Securities Act of 1933 ("restricted securities"), the
securities of unseasoned issuers, and illiquid securities. However, the
combined total of such investments will not exceed 15% of the Portfolio's total
assets. Within that limitation, restricted securities, other than those
eligible for resale pursuant to Rule 144A under the Securities Act of 1933 and
determined to be liquid under guidelines established by the Board, will be
limited to 10% of the Portfolio's total assets. It is the opinion of the
Wisconsin Securities Commission that investment in restricted securities in
excess of 5% of the Portfolio's total assets may be considered a speculative
activity involving relatively greater risks or costs to the Portfolio.
Code # 18471WI
